file8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of Earliest Event Reported): June
5,
2008
CHINA
MOBILITY SOLUTIONS, INC.
(Exact
Name of Registrant as Specified in Charter)
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Florida
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000-26559
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330-751560
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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407-1270
Robson Street,
Vancouver,
B.C., Canada V6E 3Z6
(Address
of Principal Executive Offices) (Zip Code)
(604)
632-9638
(Registrant's
Telephone Number, Including Area Code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17CFR 240.13e-4(c))
This
Current Report on Form 8-K is filed by China Mobility Solutions, Inc., a Florida
corporation (the "Registrant"), in connection with the items set forth
below.
1
ITEM
8.01 OTHER EVENTS
On June
5, 2008, the Registrant and PeopleLine Telecom Inc. a Nevada corporation with
offices at Suite-175 E 15th Ave, Vancouver, British Columbia V5T 2P6 ("PeopleLine" or
"Seller"), and Mr. Edward Gallagher, entered into a non-binding Letter of Intent
(the"LOI") regarding the acquisition of approximately 74% of the common stock of
PeopleLine by the Registrant and Mr. Edward Gallagher. The purpose of the LOI is
to outline the objective of consummating the acquisition. A copy of the LOI is
attached as Exhibit 10.1 hereto and is incorporated by reference
herein.
PeopleLine
is a Public Company (Pink Sheets Symbol: PPTM) incorporated in Nevada and
managed from its Vancouver BC office. The Company is an established Internet
Service Provider in Vancouver and a holder of a CRTC Class B License permitting
the Company to sell Local VoIP telephone services across Canada.
Mr.
Gallagher specializes in mergers and acquisition, as well as take-over
financing. He was the Chairman of Canada Payphone Corporation, the first private
payphone owner and operator in Canada. He helped deregulate through
Government Legislation the payphone industry in Canada, and negotiated an
exclusive contract for the installation/operation of AT&T payphones for
Canada.
The
Registrant and Mr. Edward Gallagher (hereafter refers as “Buyer”) will purchase
Thirty million (30,000,000) PeopleLine shares held by four (4) existing
shareholders at $0.015 per. PeopleLine will have forty million three hundred and
ninety-four thousand four hundred and twenty-seven (40,394,427) shares of its
common stock outstanding mandatory prior to the sale of stock. The company debt
of PeopleLine approximating $325,000 will be the responsibility of the Buyer.
PeopleLine will be the sole operating subsidiary of the business
combination.
Completion
of the transaction is conditioned upon satisfactory completion of due diligence
by both parties, respective Board of Directors and shareholders approval, if
required, approval of at least 75% of CHMS’ outstanding debenture holders to the
terms of this transaction, and other customary closing conditions.
ITEM
9.01 Financial Statements and Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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CHINA
MOBILITY SOLUTIONS, INC.
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Dated:
June 5, 2008
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By:
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/s/ XiaoQing
Du
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XiaoQing
Du
President
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